It is becoming prudent in many states to add an additional member to your LLC. It is important however not to appear as though you are adding a straw-man member. All LLC members must have a legitimate interest in the LLC, but what is a “legitimate interest” may be a matter of perspective.
Create An LLC
Maintain An LLC
- Author: Spencer
- Published: May 20th, 2009
- Comments: None
- Category: A's To Q's From Readers, LLC Corporate Veil Protection, LLC Operating Agreement, LLC Structure, Limited Liability Company Explained, Limited Liability Company History, Multi-Member LLC, Single Member LLC
Forming An LLC With A Straw-Man Member Does Not Necessarily Fix The Single-Member LLC Problem
- Author: Spencer
- Published: May 19th, 2009
- Comments: None
- Category: A's To Q's From Readers, Articles of Organization, LLC Corporate Veil Protection, LLC Liability, LLC Registrations (LLC Filing Process), LLC Tax, New Business Funding, Organize vs Incorporate, Putting Property In An LLC, Single Member LLC, The LLC and Credit Worthiness, The LLC and Real Estate
How Do I Get My LLC a Loan? Financing For Businesses (especially an LLC)
Getting your personal life off the hook and protected behind a corporate veil is the primary reason for having an LLC. But in most real estate investment situations, the investors personal name remains upon the note rather than the loan being in the LLC’s name. I explore the ways in which to fix this, and how the banks see things.
- Author: Spencer
- Published: May 15th, 2009
- Comments: 3
- Category: A's To Q's From Readers, LLC Corporate Veil Protection, LLC Liability, Limited Liability Company Explained, Putting Property In An LLC, Series LLC, The LLC and Real Estate
Do I need to form an LLC for each rental property I own?
So you own rental properties, and you need to protect them. Do you form an LLC for every single rental property? Or do you throw all the eggs into the same basket. I discuss it here.
- Author: Spencer
- Published: Jan 13th, 2009
- Comments: None
- Category: A's To Q's From Readers, Articles of Organization, LLC Corporate Veil Protection, LLC Documentation & Forms, LLC Liability, LLC Operating Agreement, LLC Registrations (LLC Filing Process), LLC Tax, Limited Liability Company, Limited Liability Company Explained, Organize vs Incorporate, Single Member LLC
Create an LLC, Maintain an LLC: How STARTright helps LLC Owners
For those who do not know, STARTrightllc.com is a new web site where business owners may go to create and maintain an LLC. The Utah LLC was the first to be available this summer in July. The California LLC and the Arizona LLC followed quickly in late July early [...]
- Author: Spencer
- Published: Dec 13th, 2008
- Comments: 1
- Category: A's To Q's From Readers, Charging Order Protection, LLC Corporate Veil Protection, Limited Liability Company compared to other entities, Multi-Member LLC, Single Member LLC
Definition of an llc: Part-1 The Single Member Hitch
Especially useful for small business owners, the LLC can mold to almost any business model. Most of the concepts explained below are better explained in the STARTright videos available in your member account. Limited Liability Companies mesh the best parts of the corporation and partnership.
Like anything, an LLC is weak when used in ways it [...]
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As a business law attorney and founder of STARTright, Spencer Rose is the driving force behind STARTright, and the voice behind STARTright Talk. A graduate of Boston University School of Law, Spencer developed STARTright to help entrepreneurs navigate the waters of starting a new business, especially the legal and tax aspects. "Talk is my opportunity to write about all kinds of aspects affecting entrepreneurship and business building." 

